🍀BRBC Lottery: A Unique Opportunity for BRBC Holders
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Last updated
Last updated
Welcome to the BRBC Lottery, an exclusive feature for BRBC token holders at Bull Run Bets. This innovative lottery offers our community the chance to win cash prizes, leveraging the power of their BRBC tokens as entry tickets. The lottery is designed to be continuous, with each round typically lasting between 15-20 hours, depending on Bitcoin block times, and drawing its prize pool from a portion of Bull Run Bets' casino profits.
1. Minimum Entry Requirement: To participate, you need to wager a minimum of 10 BRBC. The more BRBC you stake, the higher your chances of winning.
2. Timing and Frequency: The lottery is synced with the Bitcoin blockchain. Rounds start and winners are announced every 100 Bitcoin blocks. Given the average block time of around 10 minutes, each round's duration is estimated to be 15-20 hours. However, this may vary slightly due to the fluctuating nature of block times.
Dual Draws: While the user experience is seamless, there are actually two simultaneous draws: the main lottery and a jackpot draw.
Main Lottery: Winners are selected every 100 Bitcoin blocks, with 100 regular prizes. Your chances of winning correlate with the amount of BRBC wagered.
Jackpot: There's a 10% chance for the jackpot to be won in each 100-block cycle, with a 0.1% chance of winning the entire jackpot pool. If the jackpot isn't won, it rolls over to the next round, growing the prize pool.
Wagering Window: You can wager BRBC during the first 100 Bitcoin blocks of each round to enter both the lottery and the jackpot. The UI displays a countdown, the amount of BRBC wagered, and the current prize amounts.
Example Scenario: If the current Bitcoin block height is 709,930, the winners for the current round will be announced at block 710,030. To participate, you should wager BRBC before block 710,030 is mined.
Continuous Participation: After the winners are announced for a round, you can re-wager your BRBC for the next round, which begins after the completion of the current 100-block cycle.
Increased Chances of Winning: The probability of winning in the lottery increases with the amount of BRBC you wager. This profit-sharing pool is updated hourly on our website.
Prize Pool Allocation: If $100,000 of Bull Run Bets profits are shared to the BRBC Lottery, $70,000 would go to the periodic lottery, and $30,000 to the Jackpot pool.
Jackpot Rollover: If the jackpot isn't hit in a round, the prize rolls over, accumulating until it's won.
Prize Payouts: The prizes are distributed to 100 winners per round, with a single jackpot winner if triggered. The distribution is as follows:
Deterministic and Fair Outcome: The outcome is calculated using a random secret, the hash of a target Bitcoin block, and an optional user-provided seed. This method ensures fairness and transparency, as the hash of the secret is published at the start, and the Bitcoin block hash cannot be predicted in advance.
